Asian Shares Higher After Fed Meeting; China Shares Flat

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Chao Deng China stocks were roughly flat while markets elsewhere in Asia rose after the Federal Reserve stuck to a near-zero benchmark interest rate, as expected. The Shanghai Composite is down 0.2% at 3782.04 after snapping a three-day losing ...

House Committee Approves Federal Reserve Overhaul Bill

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By David Harrison The House Financial Services Committee approved a Federal Reserve overhaul bill Wednesday that would change the way the central bank does business. The bill would require the Fed to adopt a mathematical rule to determine where to ...

Australian Home-Building Approvals Slump in June

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By James Glynn SYDNEY--The number of Australian home building permits fell sharply in June from May, as approvals for apartments slumped. Statistics bureau figures Thursday showed total building approvals fell by 8.2%, with approvals for apartments tumbling by 20.4%. Approvals ...

Swiss KOF Indicator Increases in July

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Neil MacLucas ZURICH--Switzerland's KOF leading economic indicator increased in July on signs the Alpine country's manufacturers are coming to terms with the negative effects of a stronger Swiss franc. The index rose 10.0 points to 99.8 in July from ...

Bets Rise That China's Yuan Will Fall

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Anjani Trivedi and Mia Lamar HONG KONG--Bets are rising that China's currency is headed lower with its stock market, a signal of waning investor confidence in the country's ability to manage its economic slowdown and market turmoil. Activity has ...

Stock, Bond Investors Cheer Fed's Statement

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Min Zeng and Saumya Vaishampayan A measured Federal Reserve policy statement reaffirmed expectations that the central bank will move cautiously on interest rates, shoring up demand for stocks and government bonds. Many money managers expect the Fed as soon ...

Sugar Industry Sour on Trade Talks

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By William Mauldin PU'UNENE, Hawaii--High-level talks to wrap up a 12-nation Pacific trade pact here have put one set of locals on edge: Maui's sugar cane operation, which is concerned that U.S. concessions to growers in other countries could hurt ...

France's Safran Lifts Year's Outlook as Profit Rises

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Robert Wall French aerospace supplier Safran SA lifted its earnings outlook for the year as it reported an 89% jump in profit, aided by disposals. Net profit for the first six months was EUR1.2 billion ($1.28 billion), compared with ...

Asian Shares Higher After Fed Meeting; China Falls Slightly

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Chao Deng China stocks fell modestly while markets elsewhere in Asia rose after the Federal Reserve stuck to a near-zero benchmark interest rate, as expected. The Shanghai Composite opened 0.4% lower at 3773.79. The smaller Shenzhen Composite fell 0.5% ...

China's CIC to Buy Nine Office Towers in Australia From Morgan Stanley Unit

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Esther Fung SHANGHAI--China's sovereign-wealth fund China Investment Corp. is purchasing a portfolio of nine office towers in Sydney and Melbourne from a real estate unit of Morgan Stanley (MS), continuing its overseas acquisitions to diversify its massive foreign-exchange holdings. ...

Lloyds to Sell Irish Commercial Loan Portfolio for GBP827 Million

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Ian Walker LONDON--Lloyds Banking Group PLC (LLOY.LN) said Thursday it is selling a portfolio of Irish commercial loans for 827 million pounds ($1.29 billion), which will be used for general corporate purposes. The 15% U.K. government-owned bank said the ...

Federal Judge Threatens to Hold IRS Chief in Contempt

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By John D. McKinnon WASHINGTON--A federal judge threatened to hold the Internal Revenue Service Commissioner John Koskinen in contempt of court on Wednesday, after the agency didn't comply with an order to provide documents in a case about its alleged ...

Brazil Raises Benchmark Rate to 14.25% From 13.75% -- Update

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Paulo Trevisani BRASÍLIA--Brazil's central bank on Wednesday extended its two-year-old cycle of monetary policy tightening as it tries to tame inflation while the economy struggles. The bank raised its benchmark Selic rate to 14.25% from 13.75%, its 16th increase ...

Asian Shares Higher After Fed Meeting

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Chao Deng Asia stocks rose after the Federal Reserve stuck to a near-zero benchmark interest rate, as expected, and the region shook off China's recent bout of volatility. The Nikkei Stock Average was up 1.1%, S&P; ASX 200 was ...

Construction in New York City Goes Through The Roof

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Josh Barbanel New York City is entering what could be the biggest building boom in a generation, census figures show, as work gets under way on hundreds of residential projects in neighborhoods across the city. In the first six ...

Oil Prices Rise on U.S Crude Oil Stockpile Surprise

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Biman Mukherji HONG KONG--Oil prices rose on Thursday as weekly U.S crude oil inventories fell sharply, surprising traders who had anticipated little change to stockpiles. The data cheered the market as a supply overhang and concerns about weak demand ...

Vivendi Sells Remaining Stake in Telefonica Brasil

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Nick Kostov PARIS--Vivendi SA on Thursday said it's selling its remaining stake in Telefonica's Brazilian unit GVT, a move that adds more cash to its multi-billion euro war chest and allows the French media conglomerate to refocus its efforts ...

Pall Europe's President Resigns

TODAY: July 30, 2015 PUB DATE: July 30, 2015

Pall Corp.'s president of its European business has resigned effective Friday, the company said. Wolfgang Platz, who joined Pall in 1981 and was most recently based in Switzerland, submitted his resignation Tuesday, the same day the company held a special ...